MIRA INFORM REPORT

 

 

Report Date :

04.11.2014

 

IDENTIFICATION DETAILS

 

Name :

CHIKA TIZAN GILAN EXPORTING COMPANY

 

 

Registered Office :

Emamkhomaini Ave, Sohrabnezhad Passage 2nd floor, No.17, Astara

 

 

Country :

Iran

 

 

Date of Incorporation :

25.07.2010

 

 

Com. Reg. No.:

1850

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Supplier of blade curtains.

 

 

No of Employees :

12

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Iran

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

IRAN - ECONOMIC OVERVIEW

 

Iran's economy is marked by statist policies, an inefficient state sector, and reliance on oil, a major source of government revenues. Price controls, subsidies, and other distortions weigh down the economy, undermining the potential for private-sector-led growth. Private sector activity is typically limited to small-scale workshops, farming, some manufacturing, and services. Significant informal market activity flourishes and corruption is widespread. New fiscal and monetary constraints on Tehran, following the expansion of international sanctions in 2012 against Iran's Central Bank and oil exports, significantly reduced Iran's oil revenue, forced government spending cuts, and fueled a 60% currency depreciation. Economic growth turned negative in 2012 and 2013, for the first time in two decades. Iran continues to suffer from double-digit unemployment and underemployment. Lack of job opportunities has convinced many educated Iranian youth to seek jobs overseas, resulting in a significant "brain drain." However, the election of President Hasan RUHANI in June 2013 brought about widespread expectations of economic improvements and greater international engagement among the Iranian public, and early in Ruhani's term the country saw a strengthened national currency and a historic boost to market values at the Tehran Stock Exchange.

 

Source : CIA

 

 

Company Details

 

 

Legal Company Name:              CHIKA TIZAN GILAN EXPORTING COMPANY

 

Also Known as :                        Chika Tizan Gilan

 

 Address:                                  Emamkhomaini Ave, Sohrabnezhad Passage 2nd floor, No.17, Astara, Iran

 

Tel:                                            +98 131 5504263

 

Fax:                                           +98 131 5504263

                                                  

Website:                                   -

E-mail:                                      -

Company was originally started as an on 2010.

 

 

Registration & Legal Details

 

Current Legal Form:                        Limited Liability Company

 

Registration Address:                     Emamkhomaini Ave, Sohrabnezhad Passage 2nd floor

                                                            No.17, Astara, Iran

                                                                  

Registration Number:                    1850

Registration Date:                          25/07/2010

Registration Town:                         25/07/2010

Capital:                                             100,000,000 Iranian Rials

Share No:                                        100,000

Share Value:                                    1,000               Iranian Rials  

Paid Up Capital:                              100,000,000   Iranian Rials

 

 

Shareholders

 

It declined.

 

                                     

Principals

 

Name:                                                Mr. Jalil Pashazadeh

Position within the company:      Branch Manager

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                         Farsi-English

 

 

Name:                                               Mr. Seyed Hashem Hashemi

Position within the company:     President  

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi- English

 

 

Name:                                               Mr. Ali Taghipour

Position within the company:      Director 

Country of Birth:                             Iran

Nationality:                                      Iranian

Can fluently speak:                        Farsi- English

 

 

Activations

 

Supplier of blade curtains.

 

Branches:

No.32, Setareh Shomal Bldg

Anzali, Iran

 

 

Local Reporters consider the investigated company to be Small in their field of concern

 

 

Operations

          

Company Employs:              12               

 

Sales:                                      100% Nationally

Sales to:                                  Group companies, General Public

                                                    

Sales Term:                             Cash, Bank Transfer, accept credit, Letter of credit

Vehicles:                                  4

 

 

HQ Premises

 

Operates Form:                         Owned: Office, Workshop

                                                             

                                                                                                                                                                                                             

 Location:                                  Central Business Area , Main Road

 

 

Bankers

 

Saderat  Bank

 

 

Financial

 

Auditor:  Mr. Homayoun Parvar

Solicitor: Mr. Javad Soleimani

 

 

Imports

 

Imports From:                                        China, India

Importing Terms:                               Bank Transfer

Import % and type of product:            100% Finished Goods

 

 

Export

 

              

Export % and type of product:                   Subject does not export

 

 

Related Companies

 

No Related companies

 

 

Payment

 

Subject's payments reported to be:  NO COMPLAINTS

 

 

Interview & Reporter Comments

 

 Following to the interview with   Mr. Ali Taghipour ( Manager), he confirmed it.

 

 

Conclusions

 

Local Reputation:

The company being investigated is considered by local reporters to be a Mediun Trade Risk and To Be Fair.

 

Owner/Shareholders Comments:       None of the owners / shareholders have an active participation in the running of the business.

 

Age of Business:  Old Business

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.41

UK Pound

1

Rs.98.06

Euro

1

Rs.76.67

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.